Can I retire at age 66 with 4,400,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $4,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$363,348$360,111$356,954$353,872$350,862$342,103
2 years$179,875$176,525$173,278$170,131$167,077$158,308
3 years$118,726$115,361$112,123$109,004$106,001$97,495
4 years$88,157$84,803$81,597$78,531$75,601$67,425
5 years$69,820$66,486$63,322$60,320$57,470$49,647
6 years$57,600$54,291$51,174$48,238$45,474$38,011
7 years$48,875$45,594$42,526$39,659$36,983$29,880
8 years$42,334$39,082$36,065$33,269$30,681$23,936
9 years$37,249$34,028$31,063$28,338$25,838$19,445
10 years$33,183$29,994$27,081$24,428$22,015$15,967
11 years$29,859$26,702$23,842$21,259$18,934$13,221
12 years$27,091$23,966$21,159$18,647$16,407$11,021
13 years$24,751$21,658$18,904$16,463$14,308$9,236
14 years$22,746$19,687$16,986$14,614$12,542$7,775
15 years$21,011$17,984$15,336$13,033$11,043$6,568
16 years$19,494$16,500$13,904$11,670$9,760$5,565
17 years$18,156$15,196$12,652$10,485$8,654$4,727
18 years$16,969$14,042$11,550$9,449$7,694$4,024
19 years$15,908$13,014$10,573$8,538$6,858$3,431
20 years$14,954$12,093$9,704$7,733$6,126$2,930
21 years$14,092$11,264$8,925$7,018$5,482$2,505
22 years$13,310$10,515$8,226$6,381$4,914$2,144
23 years$12,597$9,834$7,595$5,811$4,411$1,837
24 years$11,944$9,214$7,024$5,300$3,965$1,575
25 years$11,344$8,647$6,506$4,841$3,568$1,351
26 years$10,791$8,127$6,034$4,426$3,214$1,160
27 years$10,280$7,648$5,603$4,051$2,897$996
28 years$9,807$7,207$5,209$3,712$2,614$856
29 years$9,367$6,799$4,847$3,404$2,361$736
30 years$8,956$6,421$4,515$3,124$2,133$632
31 years$8,574$6,070$4,209$2,869$1,928$544
32 years$8,216$5,743$3,927$2,637$1,744$468
33 years$7,880$5,439$3,667$2,425$1,579$402
34 years$7,564$5,155$3,426$2,231$1,429$346
35 years$7,268$4,889$3,203$2,054$1,295$298
36 years$6,988$4,641$2,997$1,891$1,173$256
37 years$6,724$4,408$2,805$1,743$1,063$221
38 years$6,475$4,189$2,627$1,606$964$190
39 years$6,239$3,983$2,461$1,481$874$164
40 years$6,015$3,790$2,306$1,366$793$141
41 years$5,803$3,607$2,163$1,260$719$121
42 years$5,602$3,436$2,029$1,163$653$104
43 years$5,410$3,273$1,904$1,074$592$90
44 years$5,228$3,120$1,787$991$538$77
45 years$5,054$2,975$1,678$916$488$67
46 years$4,888$2,838$1,576$846$443$57
47 years$4,730$2,709$1,481$781$402$49
48 years$4,579$2,586$1,391$722$365$43
49 years$4,434$2,469$1,308$667$332$37
50 years$4,296$2,359$1,229$617$301$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $4,400,000, adding $2,845 every year, while hoping to spend $22,013 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 63/16/21 Blend
65$4,400,000$4,400,000$4,400,000$4,400,000
66$4,851,735$4,618,535$4,550,335$5,130,890
67$5,323,190$4,821,421$4,679,349$5,522,341
68$5,841,996$5,033,511$4,811,948$5,946,962
69$6,412,959$5,255,233$4,948,228$6,410,210
70$7,041,375$5,487,034$5,088,288$6,915,860
71$7,733,080$5,729,383$5,232,230$7,468,063
72$8,494,504$5,982,773$5,380,160$8,071,390
73$9,332,732$6,247,717$5,532,183$8,730,869
74$10,255,570$6,524,754$5,688,411$9,452,034
75$11,271,620$6,814,450$5,848,955$10,240,976
76$12,390,363$7,117,395$6,013,932$11,104,401
77$13,622,242$7,434,209$6,183,461$12,049,690
78$14,978,766$7,765,541$6,357,662$13,084,969
79$16,472,618$8,112,071$6,536,662$14,219,184
80$18,117,773$8,474,510$6,720,588$15,462,183
81$19,929,629$8,853,604$6,909,571$16,824,813
82$21,925,156$9,250,135$7,103,746$18,319,014
83$24,123,052$9,664,922$7,303,251$19,957,936
84$26,543,921$10,098,821$7,508,228$21,756,057
85$29,210,469$10,552,731$7,718,822$23,729,324
86$32,147,715$11,027,593$7,935,181$25,895,297
87$35,383,231$11,524,394$8,157,458$28,273,316
88$38,947,397$12,044,166$8,385,810$30,884,682
89$42,873,693$12,587,992$8,620,396$33,752,853
90$47,199,011$13,157,005$8,861,381$36,903,670
91$51,964,007$13,752,395$9,108,934$40,365,592
92$57,213,479$14,375,406$9,363,226$44,169,970
93$62,996,795$15,027,342$9,624,436$48,351,335
94$69,368,357$15,709,570$9,892,743$52,947,723
95$76,388,114$16,423,523$10,168,334$58,001,037
96$84,122,127$17,170,702$10,451,400$63,557,434
97$92,643,197$17,952,679$10,742,134$69,667,762
98$102,031,545$18,771,102$11,040,737$76,388,036
99$112,375,575$19,627,699$11,347,414$83,779,966
100$123,772,705$20,524,278$11,662,374$91,911,534